Highlighting the opinions and thoughts of policymakers and think-tanks on global trade and foreign policy  

Unfortunately, a handful of countries, led by India, reneged on the commitment they made in Bali just last December and blocked implementation of the agreement. It should be implemented immediately, not only because of its direct economic importance but also to give new life to the multilateral trading system.

US Trade Representative Michael Froman, on India’s objections to WTO’s Trade Facilitation Agreement (TFA).

 

 

I think the super cycle on the commodities boom is over. Now, we are going to go through a deep correction and maybe a bear market in commodities. I personally think oil prices will settle somewhere between $70/barrel to $80/barrel and will stay there for a long time.

 

Ace Investor Rakesh Jhunjhunwala, on the recent crash in crude oil prices.

 

 

I would like to state that no enquiry has been planned or proposed on the e-retailer on the concerns raised by customers on the big billion day sale

 

Union Commerce Minister Nirmala Sitharaman, on questions whether the govt. is probing predatory pricing charges against e-retailer Flipkart.

  

 

Given the difficult situation of the world economy we’re seeing now, it’s a sign of stability that the German-Chinese cooperation is developing very well, that we’re getting to know each other better, that we can talk very openly.

  German Chancellor Angela Merkel, after a meeting with Chinese Premier Li Keqiang.

 

 

 

 

 

 

If we want to develop, we should contribute. It is not about India’s domination on us, we absolutely want good relations with India.

Pakistani Federal Minister for Commerce Khurram Dastagir Khan.

 

 

We avoided the collapse of the euro with a joint effort. Now our focus should be to act jointly again to avoid a relapse into a recession. Hope is not a strategy.

 

 

  ECB President Mario Draghi, calling for concrete and credible structural reforms to prevent EU’s relapse into a recession.